Plan Ledger DOL Form 5500 · updated monthly

Mecklenburg Radiology Associates, P.A.401(k)

MECKLENBURG RADIOLOGY ASSOCIATES, P.A. PROFIT SHARING PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.10%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Mecklenburg Radiology Associates, P.A. reported $86,519 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $22,826 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.11% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 219th-largest of 2,005 plans among North Carolina employers on file, and the 1,153rd of 11,911 in health care & social assistance. In 2024, the employer put in $1.37 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$93,302,689
Participants with balances154
Active participants128
Employer contributions$2,921,732
Employee contributions$2,128,320
Employer contribution per active participant$22,826
Average account balance$605,862
Benefits paid to participants$3,709,977
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$93.3M · 154 accts · $2.9M emplr
2023$80.0M · 153 accts · $3.0M emplr
2022$80.5M · 150 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,396
Investment management$53,123
Total administrative$86,519
The Mecklenburg Radiology Associates, P.A. 401(k) match · 2024
Employer contribution per active participant$22,826
Median for plans this size$3,635
2024$22,826 per active participant
2023$23,590 per active participant
2022$21,312 per active participant

Mecklenburg Radiology Associates, P.A.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$35,681
PRIME CAPITAL INVESTMENT ADVIS · Investment management$26,252
CAPFINANCIAL PARTNERS, LLC · Investment management$16,677
MAI CAPITAL MANAGEMENT LLC · Investment management$6,652
CHARLES SCHWAB & CO.,INC. · Securities brokerage$663

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$86,519 · 0.10%
2023$65,491 · 0.08%
2022$96,284 · 0.11%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Boice-Willis Clinic, P.A. NC$97.0M · 0.16%
Ara Health Specialists, P.A NC$87.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560945616 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.